Core Insights - Sparton Resources has announced positive developments in its investment in VRB Energy, following the signing of definitive agreements with Shanxi Red Sun Co., Ltd. and affiliates, finalizing previously announced transaction terms [1] Group 1: Company Developments - VRB Energy has successfully passed strict quality inspections for its flow battery systems, with a unit shipped to a customer in Okinawa, Japan, marking its entry into the global market for standardized products ranging from 100kW to 1000kW configurations [2] - The collaboration between Red Sun and VRB Energy has led to rapid advancements in the joint venture, showcasing effective execution and technological integration [3] - Sparton holds a 9.98% interest in VRB Energy through a 90% stake in VanSpar Mining Inc., translating to an indirect 4.4% interest in the joint venture [4] Group 2: Project Timeline - On October 15, 2024, definitive agreements for the formation of the VRB China joint venture were signed [6] - A groundbreaking ceremony for a 3GWh capacity vanadium flow battery manufacturing base took place on October 18, 2024, in Changzi, Shanxi Province, China [6] - A strategic cooperation agreement with Huadian Group was announced on December 11, 2024, which includes the development of a 10 MWh storage project in Hunan Province [6] - Initial production was achieved in the first phase of the new facility in Changzi on December 25, 2024 [6] - VRB China has entered into a joint venture with Chengde Vanadium Titanium Co., Ltd., ensuring a stable supply of vanadium resources for future projects [6]

Core Viewpoint - Sparton Resources Inc. has made significant progress in its mining operations, particularly with the Pense Critical Metals Project, confirming the presence of critical metals and gold mineralization, while also advancing its joint venture with VRB Energy in battery manufacturing in China [1][2][12]. Group 1: Pense Project Developments - The company has exercised its option to acquire a 100% interest in the Pense Property, which is located in northeastern Ontario [2][3]. - Recent drilling results from four diamond drill holes totaling 822 meters have confirmed the presence of critical metals, including significant values of zinc, gold, copper, and nickel [4][5][6]. - Hole P24-01 intersected a 38-meter mineralized zone with notable values: 1.73% zinc over 19.7 meters, 0.81g/t gold over 8.2 meters, and 0.14% copper over 27.7 meters [4][6]. Group 2: Historical Context and Future Potential - Historical drilling in the area has reported interesting values of critical metals, indicating the potential for further exploration and development [6][7]. - The mineralization at Pense is characterized by massive to semi-massive sulphide mineralization, suggesting a rich geological environment that warrants continued drilling [9][10]. - The presence of significant gold mineralization is highlighted as an added feature for the critical metals opportunity, especially with current gold prices at all-time highs [12]. Group 3: VRB Energy Developments - VRB Energy Inc. is advancing its operations in the United States and has established a joint venture in China aimed at reducing corporate energy consumption and promoting renewable energy development [15][16]. - The joint venture includes a strategic cooperation agreement in Guzhang County, Yunnan Province, focusing on vanadium battery energy storage and high-performance electrolytes [15]. - The collaboration with a Chinese partner is seen as a catalyst for generating new sales of storage units in China and other regions [16].

NOVI, Mich., Nov. 12, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Stephens Annual Investment Conference. The event will feature a fireside chat at 2:00 p.m. ET (1:00 p.m. CT) on Tuesday, November 19, 2024, in Nashville, Tennessee. Details on how to join the presentation via webcast will be posted to the "Presentations & Events" section of the Company's website (w ...

Q3 2024 Results October 31, 2024 stoneridge.com © 2024 Q3 2024 Results Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability of our suppl ...

Stoneridge, Inc. (NYSE:SRI) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations James Zizelman - President and CEO Matthew Horvath - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Gary Prestopino - Barrington Research Operator Good day and welcome to the Stoneridge, Inc., Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]. Please n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-13337 STONERIDGE, INC (Exact name of registrant as specified in its charter) Ohio 34-1598949 | --- | --- | --- | --- | |--------------------------------------- ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Stoneridge Reports Third Quarter 2024 Results MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 | --- | --- | |----------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------ ...

MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 million Gross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of sales) Operating income of $0.3 million Adjusted operating income of $0.7 million (0.3% of sales) Adjusted EBITDA of $9.2 million (4.3% of sales) ...

NOVI, Mich., Oct. 28, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced the availability of its next MirrorEye® Camera Monitor System program on Daimler Truck North America's (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025. The MirrorCam System, DTNA's branded camera monitor system is built on Stoneridge's industry-leading MirrorEye technology and is designed to enhance driver awareness by augmenting traditional mirrors with external cameras and ...

NOVI, Mich., Oct. 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that DB Schenker, a global leader in supply chain management and logistics, is piloting its MirrorEye® Camera Monitor System (CMS) on its North American fleet. The initial pilot program is underway and includes 75 trucks. Assuming a successful pilot program, DB Schenker intends to expand the implementation of MirrorEye across its entire North American fleet. DB Schenker is piloting Stoneridge’s MirrorEye® Camera Monitor ...